Balancing the Budget

[politicallefty]

I think a balanced budget is definitely a worthwhile goal if the economy is relatively strong. It shouldn't be a priority when the economy is not well. The national debt in and of itself isn't a bad thing. However, it is important to consider it as related to GDP. We should have been maintaining the Clinton surpluses during the Bush years, or at least a balanced budget. There was no excuse for Bush to run up a budget deficits every year of his Presidency. I don't like the massive deficits under President Obama, but it's an unfortunate part of recovering from the financial crisis.